Posted by Ireneky on 2/25/09 7:37am
Msg #278677

Kentucky Mortgage

Still trying to find this NEW status that all mortgages in KY (only) had to be overnighted to the borrower to be an orginal mortgage, any KY notaries out there ran into this???
I did this closing Monday, the only thing that I saw that was different in the mortgage was it was 2 sided.
Went to SOS website did not see any new status as a matter of fact the laws haven't been changed here since 1942 still 75 cents per signature what a joke.

Reply by Linda_H/FL on 2/25/09 7:57am
Msg #278679

"Went to SOS website did not see any new status as a matter of fact the laws haven't been changed here since 1942 still 75 cents per signature what a joke."

Irene, you're not going to find that information at the SOS office since they don't regulate real property laws or standards of title. I'd suggest you research Kentucky Real Property Statutes or possibly call a local title company or real estate attorney to clarify for you. You might also try calling the KY Bar Association for direction. But definitely not your SOS...

MHO

Reply by Ireneky on 2/25/09 8:03am
Msg #278681

Thank You I'll try that n/m

Reply by BobbiCT on 2/25/09 9:42am
Msg #278689

Kentucky "Paper" w/ "wet" signature

My GUESS is this is some out of state, NON-attorney's garbled interpretation:

Guess that a Kentucky real property deed or mortgage must be a "wet" signature, not E-signed. For example, an e-closing where the borrowers and notary "check the box" on a computer screen and wha-laa a fully executed mortgage deed prints out with "copy" signatures at the out-of-state title company's office probably doesn't work in Kentucky.

It is only a guess of what the person who came up with this "law" was thinking.

Garbled interpretation: We can't have anyone in Kentucky PRINT the paper document for signature. It has to be printed on paper in California and mailed to Kentucky. Guess they don't trust Kentucky paper ... do they trust their wiskey

Reply by Linda Juenger on 2/25/09 9:54am
Msg #278690

KY is also a no fault state if you have an accident.

Am going through that right now. My son attends Murray State and someone backed into his car. We have to pay the first 10,000 in damage no matter that the guy that hit him has ins. So, its going to cost me the $500 deductible and my ins has to pay the rest. BS IMO. It wasn't my son's fault and my ins shouldn't have to pay for it. Our rate will not increase, which is good.

Reply by Les_CO on 2/26/09 3:44pm
Msg #278814

Re: Kentucky "Paper" w/ "wet" signature

The only e-signings I’ve done have been Amtrust. My recollection is that some docs (about 6) are check-the-box, some others “wet signed.” This could vary State-to-State? Colorado allows for e-notarizations, but all the DOT’s, and recordable docs on the e-signings I have done here have required “wet” signatures.

Reply by bfd110_IN on 2/25/09 10:01am
Msg #278691

I just did a Chase Mortgage last night in Kentucky

And for the ones that know Chase, I had to have them sign 3 mortgages. I printed them at home . I think it is just an uninformed person that told you that.

Reply by Les_CO on 2/26/09 2:25pm
Msg #278803

I thought FedEx was headquartered in Tennessee, and UPS in Georgia (Atlanta, USA)? Now if they were in KY I could understand this ‘law’.
I don’t exactly see how it could be enforced. But who knows? With the people we have representing us now from a State to a Federal level, anything is possible! Personally I wouldn’t worry about some rumor. Just do your job the same as you have been, and let the people that hire you worry about how they get you, or the borrower the docs, and if it’s legal or not.